Select Language
The latest report by IMARC Group, titled “Electrical Enclosure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, finds that the global electrical enclosure market is expected to exhibit a CAGR of 7% during 2022-2027. An electric enclosure is a cabinet or box that is used to store and protect electrical or electronic equipment from electromagnetic or radio frequency interference. It is usually made from steel, aluminum or rigid plastics to protect against hazardous, non-hazardous, and other specific environmental conditions. Electrical enclosures are widely utilized across the residential, industrial and commercial sectors to shield transformers, power generators and telecommunication devices. They also enclose other components, such as panel boards, circuit breakers, knobs, switches and display monitors, to help prevent accidental electric shocks and add to the aesthetic value of the space.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Electrical Enclosure Market Trends:
The increasing need for uninterrupted electricity supply across the globe represents the primary factor driving the market growth. The rapid industrialization and the rising trend of automation across various industries have also escalated the demand for electrical enclosures globally. Besides this, with the altering climate conditions and improving living standards of consumers, there has been a rise in the uptake of heating, ventilation, and air conditioning (HVAC) systems, which is providing a positive thrust to the market. Furthermore, an increase in the energy demand due to population growth and the growing preference for smart grids, governments of various countries have implemented stringent regulations to upgrade the existing transmission and distribution infrastructure. Thus, mandating the installation of electrical enclosures across the residential and commercial sectors by governments is further contributing to their sales. Moreover, the growing preference for smart or connected cities, rising adoption rates of renewable energy resources across several power stations, increasing penetration of green energy and the advent of the internet of things (IoT)-enabled industrial enclosures are some of the other factors impelling the market growth.
Market Summary:
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
REACH OUT TO US
Call us on
( US: +1-631-791-1145 )
( UK: +44-753-713-2163 )
( India: +91-120-433-0800 )
Drop us an email at
sales@imarcgroup.com